Over the last year, property investments in Armidale, 2350 have given investors a capital gain of 5.74%. This compares averagely with the 7.15% for NSW as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Armidale has increased when compared to the 5 year average annual rate.

Armidale, 2350 is offering NSW ‘s 498th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.

In the last year 416 properties changed hands in Armidale, which puts it as the 8th most active market in NSW when comparing the number of sales per suburb.

Armidale, 2350’s gross rental yield is 5.06%

Property value increases in Armidale have tracked lower than the NSW average of 6.59% over the last 12 months.

Comparing Armidale,2350 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

At number 134th of NSW’s most discounted properties, Armidale is in the bottom 30% of the state/territory when listing in order of most discounted to least.

The NSW suburb of Armidale, 2350 is in the Armidale Dumaresq local government area.

Information supplied by:

MO

WE

Armidale serves as the regional hub for the New England tablelands. Location-wise, it’s slightly closer to Brisbane than Sydney, and is around 100km northeast of Tamworth. It has its own airport, with regular flights to Sydney, as well as rail and bus links. It is also the major retail centre for the northern tablelands, with three shopping malls. Full summary

Armidale serves as the regional hub for the New England tablelands. Location-wise, it’s slightly closer to Brisbane than Sydney, and is around 100km northeast of Tamworth. It has its own airport, with regular flights to Sydney, as well as rail and bus links. It is also the major retail centre for the northern tablelands, with three shopping malls.

The city centre has been undergoing major upgrades since 2003. Key industries are education – Armidale is home to the University of New England – retail and professional services, offering a range of employment opportunities.

The city is also earmarked as one of the NSW government’s ‘Evocities’, as well as a testing ground for the National Broadband Network. This, combined with the benefits of further infrastructure investment in the region as part of independent MP Tony Windsor’s agreement with the Labor Party, is likely to spur further population growth – the population of north-west NSW is increasing by around 5,000 people per year – and demand for housing. Property analyst Michael Matusik believes Armidale is in an upswing phase.

“[It has] a shortage of property for rent,” says Matusik. “Sales volumes are also increasing.”

As an investment proposition, Armidale looks very strong on paper. There are a wide range of houses, with a number of character homes dating back to the Victorian period. However, properties are still very affordable. Rental yields are also strong – and, like other university towns, could offer potential for cash flow positive student accommodation.